About Mahabubnagar Solar Parks Private Limited
Data last updated:
Mahabubnagar Solar Parks Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Vector Green Energy Private Limited. It operates in the electric power generation segment of the energy sector. It was incorporated on 26 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106HR2013PTC118850. Its GSTIN is 36AAJCM0378D2ZI (Telangana). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.68 Cr. It is led by directors including Mahesh Chandrakant Vipradas and Sourav Das.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gurgaon, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.15 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹10.26 Cr (net margin 72.5%) and EBITDA of ₹17.44 Cr (EBITDA margin 123.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹49.73 Cr and satisfied charges of ₹179.39 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in December 2017. Its 5 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 4 smaller; the largest is Nanj Solar Private Limited with revenue of ₹14.22 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vector-green.com.
Company details
CIN history
Mahabubnagar Solar Parks has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40106HR2013PTC118850, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106HR2013PTC118850 | Current |
| U40106AP2013PTC091944 | Previous |
| U40106TG2013PTC091944 | Previous |
Contact details
Mahabubnagar Solar Parks Private Limited's registered office is in Gurgaon, Haryana.
- Registered AddressBuilding 7A Level 5, DLF Cyber City, Gurgaon, Haryana, India – 122002
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Mahabubnagar Solar Parks is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Mahabubnagar Solar Parks Private Limited, buy the company report.
Financials of Mahabubnagar Solar Parks Private Limited
FY 2025 filings availableMahabubnagar Solar Parks Private Limited reported revenue of ₹14.15 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 38% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.26 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 123.2% | ||||
| Net Profit Margin | 72.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mahabubnagar Solar Parks Private Limited, buy the company report.
Board of directors of Mahabubnagar Solar Parks Private Limited
Mahabubnagar Solar Parks has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Chandrakant Vipradas | Director | 10 Jan 2023 | 3 Years 10 Months | Current |
| Sourav Das | Director | 10 Jan 2023 | 3 Years 10 Months | Current |
| Deelip Vitthal Pund Also directs: Polepally Solar Parks Private Limited, Priapus Infrastructure Limited, Winsol Solar Fields (Polepally) Private Limited and 5 more | Director | 24 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Mahabubnagar Solar Parks Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nanj Solar Private Limited | ₹14.22 Cr (FY 2025) | -3.0% | Gurgaon, Haryana, India | |||
| Mahabubnagar Solar Parks Private Limitedthis company | ₹14.15 Cr (FY 2025) | ₹10.26 Cr | 72.5% | -1.0% | Gurgaon, Haryana, India | |
| Dres Energy Private Limited | ₹14.09 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Sunsure Solarpark Six Private Limited | ₹14.08 Cr (FY 2025) | Gurgaon, Haryana, India | ||||
| Isharays Energy One Private Limited | ₹14.06 Cr (FY 2025) | 913.0% | Noida, Uttar Pradesh, India | |||
| Vivaan Solar Private Limited | ₹14.05 Cr (FY 2025) | -13.0% | Gwalior, Madhya Pradesh, India |
To see the full peer comparison of Mahabubnagar Solar Parks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2022 | 100544670 | Others | ₹5 Cr | Satisfied | |
| 29 Sep 2021 | 100490825 | Others | ₹49.73 Cr | Satisfied | |
| 13 Feb 2019 | 100243347 | Others | ₹4.41 Cr | Satisfied | |
| 19 Dec 2017 | 100147467 | Others | ₹56.25 Cr | Satisfied | |
| 30 Mar 2015 | 10566356 | Axis Trustee Services Limited | ₹64 Cr | Satisfied |
To see the full charge records of Mahabubnagar Solar Parks Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Mahabubnagar Solar Parks Private Limited has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in December 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Vector Green Energy Private Limited & India Infrastructure Fund II, Vector Green Energy Private Limited Seller: First Solar Fe Holdings Pte Ltd, FS India Devco Private Limited |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: FS India Devco Private Limited Seller: First Solar International Middle East FZ LLC |
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: First Solar International Middle East FZ LLC Seller: Ecoren Energy Private Limited, Mauritius |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: First Solar Fe Holdings Pte Ltd, Ecoren Energy Private Limited, Mauritius Seller: Mahabubnagar Energy Projects Private Limited |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: First Solar Fe Holdings Pte Ltd Seller: Mahabubnagar Energy Projects Private Limited |
To see the full deal history of Mahabubnagar Solar Parks Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahabubnagar Solar Parks Private Limited has 1 court case on record: 1 filed by Mahabubnagar Solar Parks. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Mahabubnagar Solar Parks Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Mahabubnagar Solar Parks Private Limited was last rated by Indiarating on 30 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 30 Dec 2021 |
To see the full credit ratings and regulatory alerts of Mahabubnagar Solar Parks Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahabubnagar Solar Parks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mahabubnagar Solar Parks has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAJCM0378D2ZI | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahabubnagar Solar Parks Private Limited, buy the company report.
Recent activity
Mahabubnagar Solar Parks Private Limited has 20 board changes on record since 2014: 3 appointments and 17 cessations. The latest: Deelip Vitthal Pund ceased to be Additional Director on 28 Sep 2023.
24 earlier events are in the company report.
News
Frequently asked questions
Mahabubnagar Solar Parks is an active private limited company based in Gurgaon, Haryana, India. The company works in electric power generation, within the energy industry. It was incorporated on 26 December 2013 (13+ years old) and is registered under CIN U40106HR2013PTC118850.
Mahabubnagar Solar Parks has 3 current directors:
- Mahesh Chandrakant Vipradas - Director
- Sourav Das - Director
- Deelip Vitthal Pund - Director
The latest financial statements of Mahabubnagar Solar Parks on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahabubnagar Solar Parks is 36AAJCM0378D2ZI, registered in Telangana. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Mahabubnagar Solar Parks is U40106HR2013PTC118850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahabubnagar Solar Parks has 1 court case on record: 1 filed by the company.
Mahabubnagar Solar Parks was incorporated on 26 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Mahabubnagar Solar Parks has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in December 2017.
The peers of Mahabubnagar Solar Parks by revenue are Nanj Solar Private Limited, Dres Energy Private Limited, Sunsure Solarpark Six Private Limited, Isharays Energy One Private Limited, Vivaan Solar Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Deelip Vitthal Pund ceased to be Additional Director on 28 Sep 2023. Mahesh Chandrakant Vipradas ceased to be Additional Director on 28 Sep 2023. Sourav Das ceased to be Additional Director on 28 Sep 2023. Mahabubnagar Solar Parks has 20 board changes on record in total.
Mahabubnagar Solar Parks can be reached through the website vector-green.com. Its registered office is in Gurgaon, Haryana, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
